Comments: To start with, I must say I strongly disagree with what the OECD has been doing and what — of course — the European Union is about to do as well. Naming and shaming tax havens (or tax paradises — as these nations are called in Czech) is something I still can’t believe is true. Continue reading “OECD names and shames tax havens”

Comments: The article describes the reaction of the British economy to the current economical downturn. It’s been stated that the economy shrinks faster than expected but it is also stated that the households have already reacted. Continue reading “UK economy shrinks at faster pace”

Comments: The article is about Poland but there have been a lot of talks in the Czech Republic about this topic recently as well.

There are some missing facts in the article. First a most notable one — the eurozone is not an optimal currency zone. You can argue that no currency zone is optimal (and you would be correct) but eurozone is — I think — just the opposite of an optimal one. Remember not only prohibitions that don’t allow East-Europeans to work in the EU15 but also different cultures and languages. It would take a lot of transition cost for — say — a Slovak to come to Finland and work there. Continue reading “Will euro save Eastern Europe?”

Comments: From my point of view, two basic facts are missing in the article. First, it is not stated under which exchange rate regime Japan manages the yen. So the question if the yen depreciates — which would raise the exports again — remains unanswered. As I found out, the regime is floating so I’m just wondering why there is no word whatsoever about that in the article… Continue reading “Japan exports drop 46% in January”